Double bottom spotted when the price make a huge spike and continuous uptrend.
Expect price to go further high if it fulfill following requirement
- Price breakout 87.950 resistance
- Fixed poc as support
- Breakout high to the short up trend channel
- Major downtrend breakout ✓
Potential Support Level
Analysis is for:
Supporting Technical Observations:
1. Price resting near Fibo 50% Retracement
2. Fund Flow Index (FFI), positive divergence
Currently, expecting Short term rebound towards S$2.65 resistance area. If accumulation trading range is formed, we will see...
What is Volume Profile???
Volume Profile is an indicator that shows us the amount of traded asset at a certain price level. It shows the data we needed as a histogram in Y-axis next to the price levels.
Difference between Volume Indicator and Volume Profile???
There are two major differences in these important indicator.
As we spoked, Volume Profile is defined...
An analysis for the week ahead.
Points of Interest:
61.8% Retracement (YTD VWAP Nearby); 127.20% (2900) And 161.80% (2920) Extensions; 2790 Gap Fill.
Despite terrible news, the value of the current down-move (2/19-4/17) shifted higher, as evidenced by fixed-range POC at 50% retracement.
Other broad market indices, such as the...
Ciao a tutti traders, siamo davanti ad una lunga discesa di questa coppia di valute dove il prezzo si trova esattamente sul punto di controllo dell'ultimo movimento ribassista a seguito di un ritracciamento su time frame da 30m.
Per un operatività a breve termine possiamo attendere l'incrocio delle due medie mobili da 20 e 100 periodi insieme al rimbalzo sul primo...
Pirce is currently testing a strong resistance level in the form of:
Edge of High Volume Node measured from 11th of December 2018 till 5th of May 2019
POC from the recent downtrend (5th May - 9th June)
Because of that, we can expect lower prices in the upcoming days/weeks. As a target, we would use Value Area Low from...